Hyliion Holdings Q2 EPS $(0.19) Misses $(0.18) Estimate, Sales $266.00K Miss $590.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyliion Holdings (NYSE:HYLN) reported Q2 losses of $(0.19) per share, missing the analyst consensus estimate of $(0.18) by 5.56%. The company's quarterly sales were $266.00K, missing the analyst consensus estimate of $590.00K by 54.92%. However, this is a 54.65% increase over sales of $172.00K the same period last year.
August 09, 2023 | 5:36 am
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Hyliion's Q2 results missed analyst estimates, with a larger loss per share and lower sales than expected. However, sales have increased compared to the same period last year.
Hyliion's Q2 results missed analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the YoY increase in sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100